Latest news
Latest news
As well as deals backed by new loans, it will call and refinance 2023 deals
Meanwhile, BNP Paribas hires in structured finance
Aspire's first deal is a $391.28m non-prime securitization
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American International Group is said to be looking to purchase residential mortgage-backed securities from European banks in an effort to increase its investment performance, according to Deutsche Bank.
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The Australian residential mortgage-backed securities market, the world’s fourth largest, has improved to the point that it is significantly less dependent on the government to prop it up.
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ING Australia has priced the biggest residential mortgage-backed securities by a foreign bank since its A$900 million ($950 million) RMBS last October.
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BNP Paribas Personal Finance has launched a Dutch RMBS, Phedina 2011-1, the first public cash RMBS by the bank since 2006.
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The Co-operative Bank has mandated Barclays Capital, JP Morgan and Morgan Stanley for Silk Road No 2, a new UK prime RMBS.
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Barclays Capital priced its final resecuritization of legacy National Credit Union Administration collateral at record tights.
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Europe’s bids-wanted-in-competition shot up to €3 billion (4.35 billion) in asset-backed securities last month, more than double the amount on offer in previous months, according to analysts at the Royal Bank of Scotland.
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The Co-operative Bank has mandated Barclays Capital, JP Morgan and Morgan Stanley for Silk Road No 2, a new UK prime RMBS. Many market participants had assumed Co-op would be shut out of the RMBS market following its decision not to call its Leek 17, 18 and 19, UK non-conforming deals.
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Bankers are predicting a future private label residential mortgage securitization market where sell-side real estate investment trusts are set up to issue bonds bought by other buy-side REITs, specifically created to take RMBS exposure.